Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Roku Inc shares valued at $75,330 were sold by Jedda Dan on Sep 17 ’24. At $75.33 per share, Jedda Dan sold 1,000 shares. The insider’s holdings dropped to 54,267 shares worth approximately $4.2 million following the completion of this transaction.
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Also, DANIEL JEDDA purchased 1,000 shares, netting a total of over 75,330 in proceeds.
Before that, Collier Charles had sold 15,454 shares from its account. In a trade valued at $1,159,050, the President, Roku Media traded Roku Inc shares for $75.00 each. Upon closing the transaction, the insider’s holdings decreased to 15,454 shares, worth approximately $15490.0.
As published in a research note from Wolfe Research on September 12, 2024, Roku Inc [ROKU] has been rated up from a Peer perform to an Outperform and the price target has been revised to $93. Analysts at Wells Fargo upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early September. As of August 23, 2024, Guggenheim has increased its “Neutral” rating to a “Buy” for ROKU.
Analyzing ROKU Stock Performance
During the last five days, there has been a surge of approximately 4.48%. Over the course of the year, Roku Inc shares have dropped approximately -15.50%. Shares of the company reached a 52-week high of $99.80 on 02/12/24 and a 52-week low of $48.33 on 08/05/24. A 50-day SMA is recorded $62.89, while a 200-day SMA reached $69.37. Nevertheless, trading volume fell to 4.24 million shares from 2.77 million shares the previous day.
Support And Resistance Levels for Roku Inc (ROKU)
According to the 24-hour chart, there is a support level at 76.03, which, if violated, would cause prices to drop to 74.60. In the upper region, resistance lies at 79.26. The next price resistance is at 81.07. RSI (Relative Strength Index) is 72.10 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.39, which suggests the price will increase in the coming days. Percent R is at 13.44%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
